Vkkcoin Review – Illicit Investment Firm Scam Took The Money And Ran

Unfortunately, there is not enough information to go around about the Vkkcoin scam. What we can say for certain is that this alleged investment firm gathered funds, only to pull the rug from under the victims’ feet. It all happened in the span of a year or less.

Read our Vkkcoin Review to find out more about financial scams, and how to best avoid them.

Never Had A License To Begin With

Vkkcoin was a fraudulent organization working on a global scale. Although their website is currently defunct, it left us some important breadcrumbs to follow. The company was allegedly operating from the US, but they were not licensed by the CFTC, as we deducted from the NFA BASIC search.

The company was operating in many strictly regulated jurisdictions, without any license or authorisation. We know this, because we’ve searched the registers of the most prominent regulators on the planet.

After inquiring with the FCA, FINMA, FSCA, ASIC and CONSOB, we found no traces of the company. All investment firms that handle client’s funds must be licensed and authorized by the regulator of the jurisdictions they are operating in.

Many regulators have imposed strict constraints on their investment firms. Negative balance protection and segregated bank accounts are only some of them. When dealing with an unlicensed firm, you forfeit these important financial safeguards.

In the case of Vkkcoin, the company just up and ran with the client’s funds, because they were under no supervision from the authorities.

Who Did This Scam Target?

The Vkkcoin scam was active for a very short period of time. In the timeframe of just a year, spanning from 2022 to 2023, they have managed to defraud a myriad of people from these regions:

• United States
• Canada
• Philippines
• Brazil
• Turkey

Unlicensed companies avoid traditional marketing methods, in an effort to evade persecution. Companies like Vkkcoin and FCF Markets rely heavily on boiler room agents and referral programs to attract new victims.

If you have been approached by anyone claiming to be an employee of an investment firm, break contact immediately. In the case you’ve already deposited with a scam like Vkkcoin or Forex48, contact our legal experts to see how you can start your chargeback process.

Disgruntled Traders Complain About Vkkcoin

Sites like TrustPilot are a good platform for posting client reviews. Beware of the fake testimonials, though. Many fraudsters employ review seller networks in an attempt to boost their reputation.

Here are a few comments left by the Vkkcoin victims:

“ It’s a total scam, also contacted by attractive Asia woman who convinced me to put in $150 which I did, now VKKCN doubled my amount and now according to the app I have 43300 USD value for the investment! Hahaha hilarious. Impossible to remove transfer or sell the EEA coin to get the money! “

“ VKkcoin is fraudulent. They froze my account and wouldn’t let me withdraw unless I topped off my account with more money. They have locked my account and won’t release my funds. They have never allowed me to withdraw. If you can read this do not continue! It’s a scam. “

“ They limit your ability to withdraw money when you deposit to sell your bitcoin, keeping your money there because they exaggerate the worth of cryptocurrencies. They require even more money to withdraw under the guise of verification, but as soon as you make this deposit, they’ll demand even more money! Save your time and money, it’s a scam! “

No Info On Trading Costs

While we couldn’t pull the info about different trading conditions from the vkkcoin.com website, there are still clues on how this firm operated.

One of the things that Vkkcoin used to offer are incredible returns on any investment. Allegedly, their clients can gain passive income by depositing assets to the platform.

The scam becomes obvious only when the victims try to withdraw. The company will then ask for insane fees and other costs to be paid up front.

Opaque Trading Conditions

No information is left about the Vkkcoin trading features. We weren’t able to find, or test, different trading platforms, for instance. Likewise, it was impossible to find anything about their alleged investment plans.

The fraudsters’ servers are down, and it goes without saying that creating a Vkkcoin login is impossible at this time.

Unreachable Trading App

Investment firms don’t require complex trading software for their business. Scams like Vkkcoin push the lower limit of what is considered to be a trading application, however.

These fraudulent companies feature opaque trading software that doesn’t give their client any insights into market shifts. Although you may always use Tradingview for market analysis, scammers don’t necessarily follow actual market shifts, but invent their own prices instead. 

Volatile Trading Assets

Scammers greatly exacerbate the actual market shifts, and let their victims believe that they are earning incredible sums in a matter of days. Vkkcoin pushed the idea of trading cryptocurrencies on the global market.

Vkkcoin featured crypto investments like these:

• Cryptocurrencies (Bitcoin, Ethereum, Ripple, Cardano)

Incredible Financial Gains

Vkkcoin is primarily a cryptocurrency investment scam. The clients were prompted to deposit an amount of FIAT or cryptocurrencies and let them ride, as they would say.

Many faux investment firms offer plans that yield incredible percentages in a very short amount of time. Investing with Vkkcoin could allegedly generate as much as 100% in a matter of 3 days, which would be a serious challenge even for a lifetime Wall Street broker.

With illicit investment firms like Vkkcoin, you won’t have access to a demo account.

Vkkcoin Never Allowed Withdrawals

Swindlers will always try to push the anonymity of cryptocurrency transfers as beneficial to their clients in some ways. Of course, this is done in order to protect the con artists’ own identity.

It is clear to us that Vkkcoin never let their clients withdraw. If you have invested with this faux company, you may rely on our chargeback experts to recover your funds.

Vkkcoin Customer Service

Remember, customer support with unlicensed companies does not exist to help you with any issues, but to solicit further purchases! The same is true for Vkkcoin as well.

Their support agents were all too happy to help you lose more money. If you tried to withdraw, however, they’d cut off communication and block you on all channels.

How To Recover Assets From Vkkcoin Scam?

Vkkcoin was a fraudulent investment firm that capitalized on the current cryptocurrency craze. The company operated without any authorization or supervision from regulators. This eventually allowed them to just up and run with their investors’ money.

They can’t get away without any repercussions, however. With your help, we can bring these con artists to justice! Contact our chargeback experts to see how you too can recover your assets, and step on the swindler’s tail once and for all!

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